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355 New Lot Avenue

BROOKLYN, NY 11207
  • $2,250,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 482197
UPDATED: 208 min ago
$2,250,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,142
    SQFT
  • $543
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1930

School Ratings & Info

Description

Great Lucrative Investment Opportunity in Brooklyn, NY! This Mixed-Use property includes a well-established laundromat business on the first floor and a residential apartment building with four units on the 2nd & 3rd floors. The property offers a 13% CAP RATE with an absentee owner. The rental income from 2nd & 3rd floor is $7,000 monthly. The laundromat has 29 washers, 32 dryers, and generates a Gross Revenue of $456,000/year. The building size includes a basement, first floor (Laundromat), second floor, and third floor. With approximately 4142 Sqft, the property is located in the dynamic commercial hub of Brooklyn.Basement: 20.50 x 55 First Floor (Laundromat): 20.50 x 92.33 Second Floor: 20.50 x 55 Third Floor: 20.50 x 55

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© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2024-07-16T00:00:20.273.
www.movetonewjersey.com/homes/150667226
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355 New Lot Avenue BROOKLYN, NY 11207

  • Price: $2,250,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 208 min ago
  • MLS #: 482197
0
Beds
0
Baths
0
½ Baths
0.04
Acres
4,142
SQFT
$543
$/SQFT
1930
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
East New York
Property Description
Great Lucrative Investment Opportunity in Brooklyn, NY! This Mixed-Use property includes a well-established laundromat business on the first floor and a residential apartment building with four units on the 2nd & 3rd floors. The property offers a 13% CAP RATE with an absentee owner. The rental income from 2nd & 3rd floor is $7,000 monthly. The laundromat has 29 washers, 32 dryers, and generates a Gross Revenue of $456,000/year. The building size includes a basement, first floor (Laundromat), second floor, and third floor. With approximately 4142 Sqft, the property is located in the dynamic commercial hub of Brooklyn.Basement: 20.50 x 55 First Floor (Laundromat): 20.50 x 92.33 Second Floor: 20.50 x 55 Third Floor: 20.50 x 55
Exterior Features

Commercial Features Exterior None Construction Materials Brick Exterior Brick Loading Docks None Lot Size Length 92 Lot Size Width 21 Parking Feature None Roof Flat Yard Back

Interior Features

Basement Amenities FinishedFull Commercial Features Interior None Flooring HardwoodTile Foundation Details Block Heat Delivery Hot Water Lavatories None

Property Features

ACUnits 5+ Block 3839 Commercial Condo 0 Construction Type Attached Cross Street Name Pennsylvania Ave Cross Street Name2 Sheffield Ave Electric 200 AmpCircuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 24000.00 Gross Income 540000 Heating Fuel Gas Hot Water Gas Insurance Expense 17000.00 Lot Number 53 Lot Size Irregular YN 0 Number Of Families 4 Number Of Stores 1 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 11108.00 Transaction Type Sale Utility Expense 22800.00 Zoning R6C1-3

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Ashford Homes LLC: (929) 364-1301.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2024-07-16T00:00:20.273.
 
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